Elon Musk's xAI is preparing to raise more money from investors in a deal that could value the artificial-intelligence company between $170 billion and $200 billion, the Financial Times reported on Friday,

Elon Musk’s xAI is preparing to raise more money from investors in a deal that could value the artificial intelligence company as high as $200bn — 10 times its value early last year, according to people close to the talks.

AI, Elon Musk’s AI company, is reportedly getting ready to raise more money from investors. If it succeeds, it could push its value as high as $200 billion.